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Lessons From 200 LBO Defaults by forbesadmin is a document available to read on EtoBox.

High leverage of LBOs has not translated into lower returns to lenders. Bank debt recovers less in LBOs because it has a smaller cushion of subordinated debt. Average recoveries are very similar for LBOs and non-LBOs in "asset heavy" and "asset light" industries.

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forbesadmin

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